GOLDBUGS AMEX Goldbugs Index (GOLD)

[Picassa]

RVM

At the current share price, Revett Minerals offers investors a highly visible, near-term cash flow stream at a reasonable valuation, with significant upside catalysts on the horizon. The company’s mammoth Rock Creek silver project, currently unvalued by the market, becomes increasingly economic and advantageous to the state of Montana as silver and copper prices continue to rise.

Upon project approval, Revett’s share price will discount a billion dollar project and be revalued significantly higher; 2011 could be the year where the company gets green light approval. In the near term, Revett is seeking a listing on a major U.S. exchange such as the AMEX, and may receive broader institutional interest and research coverage that should narrow the significant valuation discount that currently persists.

Given several valuation benchmarks, we believe Revett’s shares to be safely worth a minimum of between $7.20 to $8.30 per share..